Family Lawyers Mackay
74 Victoria St Mackay QLD 4740
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Tag: Binding Child Support Agreements

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16 Jan 2023

Binding Child Support Agreements – Lump Sums

Binding Child Support Agreements allow parents to make binding financial agreements about child support. They can include an agreement to transfer a Lump Sum payment of cash or non-cash. For example, transferring equity in the former matrimonial home can constitute a lump sum child support payment. Some necessary features of lump sum binding agreements are listed below: An administrative assessment must be in force prior to entering the agreement; Each party must receive legal advice from a legal practitioner, and a Certificate of Independent Legal Advice must be annexed to the lump sum Binding Child Support Agreement; Actual payment of the lump...
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